iShares MSCI Hong Kong Index Fund (EWH) 10/21/09 PriceWatch Alert Technicals Showing Bullish
Posted: Wednesday, October 21, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $16.29. So far EWH has hit a 52-week low of $8.36 and 52-week high of $16.40. EWH has been showing support around 16.14 and resistance in the 16.48 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 16 covered call (EWH CP) for a net debit in the $15.09 area. That is also the break even stock price for this trade. This covered call has a 150 day duration, provides 7.37% downside protection and a 6.03% assigned return rate for a 14.67% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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